Snap shares jump 10% on profit beat, stock buyback
Publishing timestamp: 2024-10-29 20:13:28
Summary
Snap reported better-than-expected third-quarter results but issued light fourth-quarter guidance. The company also announced a $500 million stock repurchase program and revealed the fifth generation of its Spectacles augmented reality glasses. Stock jumped more than 10% in extended trading.
Sentiment: MIXED
Tickers: SNAP,
Keywords: internet, breaking news: technology, mobile, business news, snap inc, technology, social media,
Source: https://www.cnbc.com/2024/10/29/snap-q3-2024.html